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Tuesday, May 24, 2016

HMRC see big dip in property sales

The lull after the surge - HMRC figures for April saw a 45% drop in sales  compared with their March figures.

The drop follows the March  stampede of buyers committed to beating the April 1st stamp duty surcharge on second homes.

HMRC recorded 94,370 total property sales in April, falling from 164,400 in March.

Residential property sales were at their lowest for three years, at 84,280, down 14.5% on April 2015.

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